Tips and rumours

Jul 26, 2017

Tips and rumours

Wages are stagnant! Woohoo! ... who hasn't been stitched up by their mum? ... Adani's coal-free PR ...

From the Crikey grapevine, the latest tips and rumours …

Deflating statistics. Inflation for the June quarter is likely to get the pessimists going again -- it was well below expectations at 0.2%, according to the Australian Bureau of Statistics this morning. In the year to June, headline inflation was 1.9%, down from 2.1% in the year to March. Both of the Reserve Bank's preferred inflation measures, the trimmed mean and the weighed median, came in at 1.8%. Forecasters had expected a result of around 0.4%; the result was driven by falls in fuel and clothing; only health insurance premium rises showed strong positive growth. On the bright side, that means it'll be harder for wages to slip into negative real growth territory. The March Wage Price Index was 1.9%; if continued in the June quarter, that'll mean that wages are only stagnant, not falling. Celebrate!

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4 comments

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4 thoughts on “Tips and rumours

  1. klewso

    “Adani – what bunch of coals.”

  2. AR

    Can there be a more immoral, destructive industry (excluding Shaitan’s spawn, lawyers) than advertising?
    This used to be regularly demonstrated on the Gruen Transfer when two agencies would be given the task of promoting something truly evil and the sheer genius brought to the fore was a kick in the groin for the Enlightenment and a refutation of the Education Act.
    For all the protestations of Todd “the thinking woman’s crumpet” Samson about principles, it should not be overlooked that the agency of which he is head has some of the most immoral products and clients known to capitalism.

  3. tinman_au

    “think ‘long term’”
    Yeah…long term leaners, they can’t even pay the rent the bastards…

  4. AR

    Why is the comment section again being mucked about, again – wot is it with tekkies that they just can’t leave well enough alone?
    After that strange beta(?) format on Monday, then semi reversion to the ‘norm’ but retaining the strange ‘notify‘ option of responses in general or specifically to ones own, now we, or at least I, am not receiving any notification of subsequent comments

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